Flexible benefits

By offering season ticket parking near an employee's place of work as a flexible benefit through a salary sacrifice scheme, tax & national insurance savings are available for both company and staff, which can have the effect of:

Reducing the cost of parking by 33% for lower tax band employees
41% reduction for higher tax band employees
Saving the employer 12.8% Employer NI contributions

Under the NCP Flex offering, the cost of season ticket parking is deducted from the employees’ total remuneration package, which has the potential to reduce the element of taxable income. For high income earners this can represent up to a £2000 tax saving per annum.

Your staff will also enjoy the convenience of unlimited access to a chosen car park near their place of work.

To assess the viability of using NCP as a parking partner across the UK, we are able to conduct a mapping exercise of all your locations and plot the nearest NCP car park by distance to your location. To find out more information please click here to email or telephone 0870 606 7050.

Benefits for you and your staff:

Tax & national insurance benefits for both you and your staff
Enhanced employment packages
Reduces employee time searching for parking spaces
NCP’s experience to deliver your scheme
Largest UK network of town centre car parks

Savings vary based on the cost of the Season Ticket and the employee’s level of income.

Savings indicate a range possible from a variety of car parks.

You are advised to seek expert independent advice concerning the set up of the scheme and the interpretation and the application of HM Revenue & Custom's rules and regulations.

Case Study

In a recent scheme in central London a financial services company introduced the NCP season ticket as part of an overall flexible benefits scheme and saw a 40% increase in parking users across 3 office locations. Meanwhile employees gained an £800 tax saving. Under this scheme employees select their benefits on an annual basis through their website and undertake a salary sacrifice for this provision

For more details click here to contact us.